Topics regarding layoffs at Weatherford International Ltd.

Topics regarding layoffs at Weatherford International Ltd.

Board put on notice

Finally, some1 said it, many people in snr management have watched the fall of the company and still get hi-salary... — read more 

Are we cutting expats packages?

I heard today that most expatriates with families will be repatriated in the next months. Had anyone else heard this?

Just sell it

Sell everything to anyone so we may have a chance to keep our job and what stock we have may be able to grow with someone else who has a board that can add 2+2 and have the answer be 4 not -44

One stop shop?

While browsing the classifieds at work, I saw an email about transformation. Apparently they will build a “Walmart like” supercentre to house all the different product lines ?

This is what happens when...

This is what happens when you change managers (VPs, Directors, Managers) every year. They come in, spend very little time figuring out who did what, put their friends and/or family members in important positions, take their big salary, and then get... — read more 

Labs R US

https://www-chron-com.cdn.ampproject.org/c/s/www.chron.com/business/energy/amp/Weatherford-Is-Said-to-Plan-Sale-of-Laboratories-12985035.php

by
| 1930 views | | 5 replies (last June 16, 2018)
Post ID: @OP+TCGmlCm

way too much nepotism.....

if you are related and good golfing buddies then you have job for life, it doesn’t matter how horrible at the job. i know a guy who is a supervisor, he broke every company rule there is and still has a job. He sleeps at work, half the time on his... — read more 

Daily report

I find it a real pain to have to file a daily report on what I will be working on for that day. It is especially hard when there is nothing to do.

Remember to Book the lowest fare .

Name/Title Total Cash Equity Other Total Compensation Krishna Shivram Former President and Chief Executive Officer $1,971,402 $3,985,264 $5,459,542 $11,416,208 Christoph Bausch Executive Vice President and CFO $887,969 $2,292,891 $629,000 $3,809,860... — read more 

CEO top execs salaries

https://www1.salary.com/WEATHERFORD-INTL-PLC-Executive-Salaries.html

by
| 890 views | | no replies yet
Post ID: @OP+TBe4rbD

IT layoffs

There have been IT layoffs in Dubai

More layoffs in Houston

Heard engineering to be cut very deep and very soon with a lot of jobs at the top gone! Sale of fishing business as well and Artfical Lift spin off. Has anyone heard this?

from fuelfix

from fuelfix......Weatherford last found itself in hot water with the SEC three years ago when it agreed to pay $253 million to settle federal charges that it bribed officials in the Middle East and Africa to win business. The SEC confirmed the two... — read more 

Very Interesting SEC filing for Q1 2018

It mentions both Switzerland and Ireland costing several million (USD) each and with zero revenue. Same for Bermuda as well. Makes me wonder what taxes they are trying to avoid Then they keep mentioning the reduction in the workforce as well as the... — read more 

Project Managers are a JOKE

sh-- can the lot. Let operators interact directly with clients. Save some valuable dollars, operators can send emails too.

Share price rising

Weatherford doubters this is for you come on Weatherford lets get to $20 per share

That raise!

I got an incredible raise! Also now have all the overtime I want. My team is fantastic and they are actually real, caring people. Oh, I had to leave Weatherford to get it, so... People. There is life out there! And decent companies and people!

Asset sale

Wonder what other 2 assets are going to sold.

Magnus!!!

What a joke! They say testing and trial was all good. But what they are not telling everyone is that the first real job, well you can guess.

by
| 2251 views | | 5 replies (last April 29, 2018)
Post ID: @OP+SSQKY7H

Stock

$3 a share here we come!

by
| 1410 views | | 4 replies (last April 27, 2018)
Post ID: @OP+SRRkGCY

Swing and a Miss

Q1 released and WFT yet again misses, -0.25 rather than the -0.23 they forecast. They can't even tell you how much they are going to s--- they s--- so much. We'll get them next time! Always another quarter to go. How much did management get in bonus... — read more 

Comment from Seeking Alpha this morning (23-Apr-18)

I have to say I agree with this one and find it spot on. "WFT is controlled by its creditors who may not have any incentive for the company to go under. The stock appears worthless." Full comment may be found at the following link... — read more 

by
| 1630 views | | 3 replies (last April 23, 2018)
Post ID: @OP+SP2fRwC

Lay offs

I keep hearing more layoffs are on the way. Will it be hands or managers this time?

by
| 1720 views | | 4 replies (last April 26, 2018)
Post ID: @OP+SP4df32

Merit raise

Finally! If you don't like it go somewhere else!

by
| 2070 views | | 9 replies (last April 24, 2018)
Post ID: @OP+SNqRePY

Lloydminster PC Pump shutting down

PC Pump Lloyd to shut down this year , lay offs have begun , and as usual a large corp not caring about labor law , labor law states pay with in 3 days Weatherford to pay in 22 days.

by
| 2590 views | | 9 replies (last September 24, 2018)
Post ID: @OP+SLN0gqp

Who is the brain surgeon

Who is the brain surgeon that sent all of the stators to Canada for reline? Now everyone has to rent motors at a cost of 15 to 20 thousand dollars. Smooth move ex lax

by
| 1950 views | | 8 replies (last April 19, 2018)
Post ID: @OP+SJqqzMG

How Far

So the new RSS tool is going to the northeast. How far will it go before is flops like everything else? 250’

by
| 1770 views | | 8 replies (last April 27, 2018)
Post ID: @OP+SDoCtgW

2017 MBP Payout

Anyone know when the 2017 MBP payout will be for US employees? Only information given has been sometime in April.

Layoffs after Q1 results?

Anybody else worried that Weatherford's bad Q1 results (which are by now all but certainty) will end up prompting major layoffs after the announcement? It wouldn't be the first time WFT tried to soften the blow by cutting more employees, I don't see... — read more 

by
| 2820 views | | 5 replies (last April 18, 2018)
Post ID: @OP+SBg0lrt

Here's what I remember...

I was in R&D but I quit a while ago. Whenever R&D produced something, the people in operations would ask if it could do this or that. The guys in operations thought they were clever by poking (insignificant) holes in what R&D have produced. The guys... — read more 

by
| 1881 views | | 6 replies (last April 10, 2018)
Post ID: @OP+SBfv9ts

Start a new thread - post a news comment, question or message:

: